Bitcoin ETFs shed $261M as XRP funds buck weekly outflow trend
BTC when published $80,786Now $80,595 ▼ −0.24% since it was published
Bitcoin ETFs have recorded $151 million in net outflows since Monday, after investors withdrew $681 million the previous week. US spot Bitcoin exchange-traded funds (ETFs) returned to net outflows for the week on Wednesday as BTC fell below $82,000. Bitcoin ETFs recorded about $262 million in outflows on Wednesday, reversing $176 million in inflows the day before, according to SoSoValue data. The latest withdrawals brought this week’s net outflows to $151 million through Wednesday. The funds logged $681 million in net outflows last week. The outflows came as Bitcoin continued to decline after falling below $82,000 following Wednesday’s US inflation report. Bitcoin traded at about $80,741 at the time of publication, down 3.2% over the past 24 hours, according to CoinGecko.
First reported by Cointelegraph. This page is a short excerpt; the full text is theirs.
